ECN 347

Sports Economics & Betting Statistics

6-Team Competitive Horse Racing Lab

Round 1 / 10
Active Teams 6 / 6
Track Take 5.0%
Source Code

Live Track View

Awaiting All Teams

Team Bets & Market Odds

Switch tabs to configure bets for each team. Net payout includes 5% dealer rake: (Bet / Prob) × 0.95

Total Market Probability: 100.0%
Bankroll: 100.0 pts
Status: Betting...
Max: 100

Live Standings Leaderboard

6 Teams

Active EV Analysis

ECN 347
Team / Selected Horse: Team 1 -> Horse #1
Implied Probability ($P$): 25.0%
Decimal / Fractional Odds: 4.00x (3/1)
Track Multiplier ($0.95/P$): 3.80x
Net Profit if Win: +28.00 pts
Expected Return Breakdown:
EV = (P × Net Profit) - ((1 - P) × Wager)
EV = (0.25 × 28.0) - (0.75 × 10.0)
EV = -0.50 pts (-5.0%)

Economic Insight: Track takeout systematically imposes an expected return of -5.0% on all unhedged wagers.

Bet History Ledger 0 rounds

Rd Winner Team Payouts (T1 | T2 | T3 | T4 | T5 | T6)
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